The head of Tocumen S.A. told Laestrella.com.pa that "... the beginning of the bidding process is expected within six months, and the first stage will start with an investment of $15 million. 'The board of directors has already authorized us to start with the development of the urbinization to adapt 60 hectares for the concession and build the logistics craft'."

See more details of the project.

Among the activities that will be developed by the companies operating in the logistics park are packing and repacking, as well as product manufacturing and other complementary activities. The regulations for the free zone, which will be set up in an area measuring 200 hectares, is scheduled for September this year.

Fidanque III said   "... there are already investors interested in being located within the logistics area, including the airline Copa, which will be buildinga maintenance hangar  in the cargo area in the order of $15 million. 'We already have the authorization, we are now organizing the project management'."

Source: laestrella.com.pa

More on this topic

Six companies Interested in Free Trade Zone in Tocumen

December 2016

Schencker from Germany, Blue Logistic from Colombia and the Panamanian companies J Cain & Co. and Colon Import, and two groups who preferred to remain anonymous, have expressed interest in participating in the project.

Joseph Fidanque III, manager of Tocumen S.A., said that when they have the plans for the free zone, which it is estimated will be in about four months, they will call a tender for the construction of the work, which is part of a cargo logistics plan, and includes an investment in the long-term of $70 million. For the first phase they have already approved $15 million, part of which will be used for soil conditioning and roadworks.

The Potential of the Free Zone in Tocumen

June 2016

Ten companies have already shown interest in setting up in the logistics center to be developed in Tocumen, whose business plan and regulations for a free zone could be ready in September.

Among the activities that will be developed by the companies operating in the logistics park are packing and repacking, as well as product manufacturing and other complementary activities.

Free Zone Logistics Center in Tocumen

April 2016

In an area measuring ​​200 hectares the airport administration will develop a free zone for logistics companies, investing $30 million in the first stage.

The airport administrators said that "... the plans focus on adapting the 200 hectares that are part of the land area of the cargo terminal, transforming them mainly so that they can be developed by companies working in logistics services, storage of goods, assembly, high - tech companies related to aviation and airports, processing of finished or semi - finished products, specialized health services, among other things. "

The Advantages of Tocumen as Cargo Hub

February 2016

As a gateway to 90 destinations in America and Europe, and soon Asia, Panama International Airport is venturing into the high value air cargo business.

The development of the logistics area at Tocumen International Airport will bring opportunities for infrastructure development in terms of roads, land leveling and construction and fitting of galleys and sheds.